South African radio presenter accused of Bitcoin fraud threatens to sue

Sebasa Mogale, the Thobela FM presenter accused of scaming investors via his bitcoin investment scheme, has threatened to take legal action against individuals filing fraud claims against him.

Mogale’s legal representative, Lesedi Mphahlele claims Mogale “did not receive any money from anybody.”

Reports cite a regional police spokesperson confirming that his organization has indeed received complaints from individuals claiming to be victims of the Mogale’s scam.

According to one report, five fraud cases have been opened against Mogale and investigations are now ongoing.

When the probe is completed, the police will hand over the cases to a senior public prosecutor who will then determine the next course of action.

Mogale’s representative Mphahlele said the allegations were baseless and that they were injuring the reputation of Mogale.

Although he acknowledged that fraud cases have been opened against his client, Mphahlele insisted that no evidence will be found because Mogale never committed fraud.

Meanwhile, in his statement, Mogale admits that he is a network marketer but denies coercing people to sign up. The radio presenter also said he has never claimed to be either a cryptocurrency expert or an owner of a cryptocurrency business.

Some of his alleged victims claim to have been hit with combined losses of almost $50,000.

Yet, the radio presenter insists that those who signed up for his bitcoin investment scheme have full access to their respective accounts.